Multiple Choice
El Salvador has dollarized; that is, it uses the U.S. dollar as its currency. What is the backing ratio for El Salvador's currency?
A) 0%
B) 25%
C) 75%
D) 100%
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q62: When a nation is maintaining an exchange
Q63: In general, when there is a large
Q64: Uncovered interest parity may actually result in
Q65: Which of the following is NOT likely
Q66: A situation in which maintaining the peg
Q68: (Table: Mexico's Central Bank Balance Sheet) If
Q69: The degree of danger of breaking the
Q70: Emerging markets and developing economies are more
Q71: From 2003 to 2009, the backing ratio
Q72: In emerging markets, the reductions in growth